BroadSoft forecasts lower current-quarter revenue; shares fall
(Reuters) – Internet communications company BroadSoft Inc forecast current-quarter revenue below analysts’ estimates, sending its shares down 24 percent after market. BroadSoft, which sells software that telecom companies use to provide voice and video services, forecast first-quarter revenue of $37 million to $40 million, while analysts were expecting $43. 6 million on average. The company said it expects its growth to be affected by weakness in its consumer applications division prior to service providers ramping up their voice-over-LTE investment. . . .
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